Analysts Downgrades Report- HSBC Holdings plc (ADR) (HSBC)

HSBC Holdings plc (ADR) (NYSE:HSBC) received a stock rating downgrade from Exane BNP Paribas on Mar-29-16. In a note to investors, the firm issued an Underperform rating. The analysts previously had a Neutral rating on the stock.


Analysts have a consensus target price of $36.84 in the 12-month period. The price objective is 17.85% higher than the recent closing price of $31.26. The 52-week price range is $29.20-$47.06 and the company has a market capitalization of $122.68 billion. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, 0 says it’s a buy, and 0 have assigned a strong buy rating to the company.


HSBC Holdings plc (ADR) (HSBC) on February 19, 2016 announced the launch of Voice ID, the largest planned roll out of voice biometric security technology to customers in UK and first direct, HSBC’s challenger banking brand in UK. Alongside the roll out of touch ID for mobile banking customers, the technology will deliver a superior and more secure banking experience for 15 million customers in UK by the summer.


The new security processes will enable customers to access their accounts – mobile app and telephone banking – through advanced technologies that use the unique characteristics of an individual’s body, specifically voice and fingerprint, to verify an account holder’s identity.


HSBC’s Global Head of Contact Centres, Retail Banking and Wealth Management, Warren Buckley said: “Like a fingerprint, our voice is unique. The biometrics technology behind Voice ID focusses on how we speak, not what we say. It doesn’t matter what language a customer speaks, if they have a cold or sore throat, Voice ID will be able to confirm their identity. Remembering the right password and PIN is challenging and customers get frustrated when they fail the security process and have to reset their details. Having one less telephone security number or PIN to remember will speed up the verification process and give the customer more time to spend talking about their financial needs.”


“This is the largest planned roll out of voice biometric security technology in the UK, and demonstrates our continued investment in innovation and focus on making our services even more convenient for our customers. The UK will be followed by Hong Kong, Mexico, Canada, USA and France, subject to regulatory approvals, and plans are being developed to deploy to more markets over the next two years,” Buckley added.


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